“This increase to prize money is the biggest there has ever been in Australian greyhound racing and GRV are proud to give such great returns,” Caillard said.

“The extra funds have been made available through the new 12 year Joint Venture Agreement with Tabcorp coupled with the sport’s increasing popularity, which is assisted by the product being fun, exciting and easy to wager on.

“Greyhound racing in Victoria accounts for 20 per cent of wagering turnover with one in four bets placed on Victorian racing being on the greyhounds,” Caillard said.

The extra $6 million prize money will be offered at all of Victoria’s tracks, including their two metropolitan tracks- The Meadows and Sandown Park- as well as the 11regional tracks.

Miinister for racing, Denis Napthine, felt that the increase highlighted the healthy relationship between Greyhound Racing Victoria and the Victorian Government.

“The Victorian Coalition Government is a strong supporter of greyhound racing. This positive government partnership with GRV has helped to deliver this record increase in prize money,” Napthine said.